Hagens Berman Alerts Investors in Qualcomm Incorporated (NASDAQ: QCOM) to the August 7, 2018 Securities Class Action Lead Plaintiff Deadline and Possible Disclosure Violations

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SAN FRANCISCO, June 13, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in Qualcomm Incorporated (NASDAQ:QCOM) to the in the securities class action pending in the United States District Court for the Southern District of California.  If you purchased or otherwise acquired Qualcomm securities and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information visit:

or contact Reed Kathrein, who is leading the firm’s investigation, by calling or emailing

On January 31, 2018, Defendants filed Qualcomm’s quarterly report for the period ended December 24, 2017.  In that filing, Defendants discussed several matters concerning Broadcom’s attempted hostile takeover of the Company for $70 per share.

The complaint charges Defendants omitted to also inform investors that two days before the January 31 filing they had requested the Committee on Foreign Investment in the United States (“CFIUS”) to investigate Broadcom’s proxy solicitation activities.

On March 12, 2018, Defendants attached a CFIUS letter discussing Defendants’ January 29 request and expressing its concerns about potential national security risks posed by Broadcom’s attempted hostile takeover.

This news drove the price of Qualcomm shares down $3.11, or almost 5%, to close at $59.70 on March 13, 2018.

“We’re focused on investors’ losses and which Qualcomm senior officers knowingly omitted the January 29, 2018 CFIUS request from the January 31 quarterly report,” said Hagens Berman partner Reed Kathrein.

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Globe Newswire: 20:32 GMT Wednesday 13th June 2018

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